Technology

Facebook creates unit devoted to financial services

Facebook creates unit devoted to financial services

Facebook has created a new unit devoted to financial services to harmonize payment systems on its platform. The new group, called Facebook Financial, will be headed by e-commerce veteran David Marcus, who was a president at PayPal before joining the leading social network six years ago. Marcus is one of the creators of Facebook's digital money network Libra, and heads the team building a Novi digital wallet tailored for the currency.

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